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Core Viewpoint - The global chemical new materials industry is experiencing a wave of mergers and acquisitions starting in 2026, indicating a trend towards consolidation and strategic realignment within the sector [2]. Group 1: Mergers and Acquisitions - Mitsubishi Chemical is transferring its synthetic resin emulsion business and acrylic emulsion business to Japan's Konishi [2]. - Zhejiang Longsheng has completed the acquisition of the remaining 37.57% stake in the world's largest textile dye supplier, Dystar Global Holdings, for a total consideration of $702 million (approximately 4.928 billion RMB) [2]. - China Shenhua has received approval from the China Securities Regulatory Commission for its acquisition of equity stakes in 12 target companies held by the State Energy Group and its wholly-owned subsidiary, marking the largest chemical acquisition case in A-shares [2]. Group 2: Major Acquisitions - China BlueStar announced a strategic acquisition of Elkem ASA's organic silicon business, using its entire shareholding in Elkem (338,338,536 shares) as consideration, valued at approximately 1.02 million USD [4]. - Henkel has acquired the specialty coatings company Stahl for €2.1 billion (approximately 17.2 billion RMB), ending Wendel's 20-year control over Stahl [5]. - Henkel also announced the acquisition of Swiss water-based specialty adhesive manufacturer ATP Adhesive Systems, which is expected to generate sales of approximately €270 million in the 2025 fiscal year [6]. - Honeywell is set to acquire Johnson Matthey's catalyst technology business for £1.325 billion (approximately 15.1 billion RMB), with a significant reduction in the original deal price due to market conditions and performance considerations [7][8].